Maryland Commercial Lease Agreement (2025)

Maryland's commercial real estate market continues to show resilience in 2025, characterized by steady demand across office buildings, retail spaces, and general commercial properties. Lease terms typically range from three to five years, with longer leases offering more favorable rates. The state has maintained relatively low vacancy rates, with office vacancies hovering around 10% and retail space slightly lower. Notably, there is a growing trend towards mixed-use developments, blending office, retail, and residential spaces. This trend reflects a shift towards urbanization and the demand for more flexible, multi-functional spaces.

• Landlords must ensure properties comply with Maryland's health and safety codes, which include fire safety and structural integrity standards:
• They are required to maintain common areas and provide necessary repairs promptly to prevent disruption to tenant operations:
• Landlords must disclose any environmental hazards, such as asbestos or lead, present in the property prior to lease signing:
• They are obligated to provide tenants with a detailed statement of operating expenses, including utilities and maintenance costs, annually:
• Landlords must adhere to Maryland's Fair Housing Laws, ensuring no discrimination against prospective tenants based on race, religion, or other protected statuses:

• Tenants in Maryland have the right to a habitable commercial space, meaning the property must meet basic structural and safety standards:
• They are entitled to privacy and can expect landlords to provide reasonable notice before entering the premises, except in emergencies:
• Tenants can negotiate rent terms and any increases must be stipulated in the lease agreement to avoid unexpected hikes:
• Maryland law allows tenants to withhold rent if the landlord fails to make necessary repairs that affect health and safety:
• Tenants have the right to sublease or assign the lease to another party, subject to landlord approval, which cannot be unreasonably withheld:

In Maryland, commercial properties must adhere to zoning regulations that dictate the type of business activities allowed in certain areas. Proper permits, including business licenses and zoning approvals, are required before occupancy. Additionally, tenants must carry adequate liability insurance to protect against potential claims. Understanding these regulations is crucial as non-compliance can result in fines or lease termination.

Office buildings, retail spaces, and general commercial properties

State: Maryland

Property Type: Commercial

Document: Commercial Lease